Napa Valley’s Frank Family Vineyards has been acquired by Treasury Americas for $315 million.
Rich Frank, a former executive at Disney and Paramount Pictures, has owned and operated the winery for over 30 years. He moved into the grape business in early 1990s. The purchase includes the Calistoga, Calif.-based winery brand and vineyard holdings.
The acquisition includes the Frank Family Tasting Room in Calistoga, Calif., the Benjamin Vineyard in Rutherford, the S&J Vineyard in Capell Valley, and a portfolio wines with retail price points ranging from $38 to $225 a bottle. Frank Family winemaker Todd Graff and general manager will stay with Frank Family Vineyards upon closing.
Frank and Leslie Frank will keep the Winston Hill Vineyard, Rutherford, and the Lewis Vineyard, Napa. After the sale, both vineyards will continue to source grapes from the Frank Family Reserve Tier. The deal is expected close next month.
“The acquisition of Frank Family Vineyards represents an outstanding addition to the Treasury Americas brand portfolio and is another important step towards our ambition of becoming the premium wine market leader in the Americas,” said Ben Dollard, president of Treasury Americas, an offshoot of Australia’s Treasury Wine Estates. “Leslie and the entire Frank Family Vineyard team have built an outstanding legacy that we are excited to nurture for years to come. We are thrilled that Rich and Leslie will continue to be very involved and welcome the FFV team to Treasury Wine Estates.”
Frank, a former President of Television Academy Darryl Frank, stated that his family has enjoyed the successes of the winery.
“Leslie and I look forward to continuing to be a part of the next chapter of Frank Family Vineyards, a business we have spent nearly three decades cultivating into a beloved luxury wine brand,”Rich Frank. “We have prided ourselves on creating a family atmosphere among our staff and our guests and know this legacy will carry on. We, along with our team, are excited to remain actively involved with Frank Family, while also taking on new leadership roles with Treasury Americas.”